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Syndicated Loans & Management

Parallel Loan Disbursements

The Administrative Agent works closely with the borrower, IFC deal team, legal counsel and senior lenders to ensure all Condition of Disbursements (CODs) have been met. External legal counsel is responsible for confirming COD compliance to all senior lenders. Each senior lender in turn is responsible for confirming its satisfaction with CODs to the Administrative Agent. Once all senior lenders confirm satisfaction with CODs, the Administrative Agent issues a call of funds and rate set notice to all senior lenders. The Administrative Agent will oversee the disbursement process, distribution of fee payments notices, billing and standard payments in order to ensure a timely and smooth disbursement

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